A share price of Canadian Imperial Bank Of Commerce [CM] is currently trading at $50.53, up 0.82%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CM shares have gain 1.00% over the last week, with a monthly amount glided 4.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Keefe Bruyette upgraded its rating to Outperform on June 03, 2024. On March 20, 2024, Barclays initiated with a Underweight rating. Jefferies started tracking the stock assigning a Buy rating. Scotiabank upgraded its rating to a Sector Outperform. National Bank Financial upgraded its rating to Outperform for this stock on December 20, 2023. In a note dated December 18, 2023, BofA Securities upgraded an Neutral rating on this stock.
Canadian Imperial Bank Of Commerce experienced fluctuations in its stock price throughout the past year between $34.35 and $51.14. Currently, Wall Street analysts expect the stock to reach $106.62 within the next 12 months. Canadian Imperial Bank Of Commerce [NYSE: CM] shares were valued at $50.53 at the most recent close of the market. An investor can expect a potential return of 111.0% based on the average CM price forecast.
Analyzing the CM fundamentals
Trailing Twelve Months sales for Canadian Imperial Bank Of Commerce [NYSE:CM] were 44.65B which represents 18.45% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.06 points at the first support level, and at 49.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.90, and for the 2nd resistance point, it is at 51.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canadian Imperial Bank Of Commerce [NYSE:CM] is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.06, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 10.41.
